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16 of 99 unique stocks in common · Jaccard: 16.2%
A weighted portfolio overlap of 38.1% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹38.1 is allocated to the exact same companies at the same relative proportions. The schemes share 16 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 6.69% in Back to Index and 8.83% in HDFC Flexi Cap Fund. Holding both schemes increases your concentration in ICICI Bank rather than expanding your diversification.
If the overlap is above 30%, it is typically because both schemes benchmark to the same index (e.g. Nifty 50 or Nifty LargeMidcap 250) or overlap in their top large-cap picks. To improve your portfolio's diversification, consider allocating one of these tranches to a category with lower structural correlation (such as a mid-cap, small-cap, or international equity fund).
| Stock | in Back | in HDFC |
|---|---|---|
| ICICI BankBanks | 6.69% | 8.83% |
| HDFC BankBanks | 9.25% | 6.48% |
| Larsen & ToubroConstruction | 3.54% | 3.55% |
| State Bank of IndiaBanks | 3.37% | 4.22% |
| Bharti AirtelTelecom - Services | 4.42% | 2.96% |
| Axis BankBanks | 2.60% | 6.84% |
| Kotak Mahindra BankBanks | 2.12% | 3.43% |
| Reliance IndustriesPetroleum Products | 7.22% | 2.01% |
| Power Grid Corporation of IndiaPower | 1.71% | 2.51% |
| Maruti Suzuki IndiaAutomobiles | 1.60% | 2.91% |
| InfosysIT - Software | 3.35% | 1.32% |
| SBI Life Insurance CompanyInsurance | 1.26% | 3.76% |
| InterGlobe AviationTransport Services | 1.08% | 2.79% |
| EternalRetailing | 1.01% | 2.73% |
| Restaurant Brands AsiaLeisure Services | 1.07% | 0.23% |
| ICICI Prudential Asset Management CompanyCapital Markets | 1.56% | 0.12% |
Weighted overlap = Σ min(weight in fund A, weight in fund B) across shared stocks, from each fund's latest public monthly portfolio (as on May 2026). Equity holdings only, ISIN-verified. Not investment advice.